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Ramblin' Country Stables Contracts to Buy 1,000 Horseshoes from Blacksmith,Inc

Question 33

Multiple Choice

Ramblin' Country Stables contracts to buy 1,000 horseshoes from Blacksmith,Inc.,for $1 per shoe.When the market price decreases to 50 cents per shoe,Ramblin' refuses to go through with the deal.Blacksmith can recover


A) $1,500.
B) $1,000.
C) $500.
D) $0.

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